Quarterly history
AUM ($B)fundS&P 500(gap = α)/ Flow in/out
Behavior signals (lifetime)
Dip response
+0.03%
adds when stocks drop
when a holding falls −10%+
Middle response
-4.44%
baseline attrition
Rally response
-10.27%
trims into rallies
when a holding rises +10%+
Top positions · 30
| Ticker | $ value | % port | YoY | Hold time |
|---|---|---|---|---|
| SHOPShopify Inc. | $410M | 5.8% | +24.2% | 7.8 yr |
| TSLATesla, Inc. | $376M | 5.3% | +43.4% | 8.0 yr |
| HOODRobinhood Markets, Inc. | $363M | 5.1% | +66.5% | 4.8 yr |
| AMDAdvanced Micro Devices, | $302M | 4.3% | +98.0% | 4.3 yr |
| CRCLCircle Internet Group | $278M | 3.9% | — | 1.0 yr |
| COINCoinbase Global, Inc. | $277M | 3.9% | +1.4% | 5.0 yr |
| PLTRPalantir Technologies In | $247M | 3.5% | +73.3% | 4.8 yr |
| TEMTempus AI, Inc. | $196M | 2.8% | -6.3% | 2.0 yr |
| RBLXRoblox Corporation | $183M | 2.6% | -3.0% | 5.3 yr |
| AMZNAmazon.com, Inc. | $179M | 2.5% | +9.5% | 10.0 yr |
| ROKURoku, Inc. | $175M | 2.5% | +34.3% | 6.5 yr |
| SQBlock, Inc. | $171M | 2.4% | — | 9.3 yr |
| TERTeradyne, Inc. | $165M | 2.3% | +260.2% | 8.0 yr |
| NVDANVIDIA Corporation | $160M | 2.3% | +60.9% | 8.8 yr |
| BLSHBullish | $137M | 1.9% | — | 0.8 yr |
Portfolio composition (YoY)
Industry mix
Software - Infrastructure13.6%-1.3pp$965M
Semiconductors11.0%+5.6pp$779M
Financial - Capital Markets11.0%+4.6pp$777M
Software - Application7.0%-3.4pp$498M
Internet Content & Information6.1%-2.5pp$429M
Specialty Retail5.7%-0.4pp$401M
Medical - Healthcare Information Services5.4%+1.5pp$381M
Auto - Manufacturers5.3%+0.1pp$376M
Biotechnology4.9%-0.4pp$349M
Medical - Diagnostics & Research4.5%+0.1pp$318M
Country
US79.0%-4.0pp
CA7.0%+0.3pp
CN2.3%+2.0pp
KY1.9%
UY1.9%-0.9pp
TW1.5%+1.1pp
CH1.4%+0.2pp
LU1.0%-0.9pp
Top 5: 24.5% · Top 10: 39.8% · Top 25: 66.0%
Top buys this quarter · 15
| APGE Apogee Therapeutics, Inc.new | +$61M |
| HOOD Robinhood Markets, Inc. | +$363M |
| BLSH Bullish | +$47M |
| AVGO Broadcom Inc.new | +$41M |
| TEM Tempus AI, Inc. | +$196M |
| CRCL Circle Internet Group | +$33M |
| FIG Figma, Inc. | +$27M |
| RBLX Roblox Corporation | +$183M |
| SHOP Shopify Inc. | +$410M |
| CRWV CoreWeave, Inc. Class A Common | +$19M |
Top sells this quarter · 15
| TER Teradyne, Inc. | −$161M |
| ROKU Roku, Inc. | −$103M |
| ABNB Airbnb, Inc. | −$56M |
| BWXT BWX Technologies, Inc.exit | −$52M |
| PINS Pinterest, Inc. | −$32M |
| TTD The Trade Desk, Inc.exit | −$30M |
| DKNG DraftKings Inc. | −$26M |
| COIN Coinbase Global, Inc. | −$23M |
| PLTR Palantir Technologies Inc. | −$23M |
| ILMN Illumina, Inc. | −$20M |
Quarterly history (TTM returns)
| Period | AUM | # Pos | Return (1yr) | SPY (1yr) | Alpha (1yr) | Flow |
|---|---|---|---|---|---|---|
| 2026-03-31 | $7.07B | 186 | +32.12% | +17.59% | +14.53% | -0.45B |
| 2025-12-31 | $8.65B | 191 | +37.35% | +17.72% | +19.63% | -1.06B |
| 2025-09-30 | $10.32B | 193 | +74.38% | +17.52% | +56.86% | -1.32B |
| 2025-06-30 | $10.03B | 190 | +62.22% | +14.94% | +47.28% | -0.77B |
| 2025-03-31 | $7.76B | 188 | +9.62% | +8.30% | +1.32% | -0.58B |
| 2024-12-31 | $9.23B | 184 | +23.43% | +24.89% | -1.46% | -1.32B |
| 2024-09-30 | $8.83B | 187 | +34.36% | +36.04% | -1.68% | -0.53B |
| 2024-06-30 | $8.66B | 189 | +14.57% | +24.49% | -9.92% | -0.81B |
| 2024-03-31 | $10.07B | 190 | +34.01% | +29.62% | +4.39% | -0.51B |
| 2023-12-31 | $10.40B | 192 | +70.77% | +26.18% | +44.60% | -0.48B |
| 2023-09-30 | $8.36B | 195 | +16.90% | +21.57% | -4.67% | -0.38B |
| 2023-06-30 | $9.50B | 197 | +18.04% | +19.42% | -1.39% | -0.05B |
| 2023-03-31 | $8.68B | 201 | -34.75% | -7.82% | -26.93% | -0.32B |
| 2022-12-31 | $6.94B | 208 | -10.95% | +7.56% | -18.51% | -0.03B |
| 2022-09-30 | $7.83B | 213 | -7.01% | -4.93% | -2.08% | +0.30B |
| 2022-06-30 | $8.10B | 214 | -39.19% | -16.11% | -23.08% | -0.18B |